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Vitesse Media profits from cuts

Thu, 10th Jun 2010 08:16

Publishing and events firm Vitesse Media turned into profit for the year after it slashed admin costs.Pre-tax profit came in at £36,000 against loss of £493,000 last year despite revenue falling to £3.6m from £4.9m before. Revenues were lower because of continuing difficulties in some print areas.Admin costs were slashed to £2.3m from £3.6m last year due to lower staff, property and magazine costs.The group said the improvement in profitability has continued and there is a significant turnaround for the first quarter of the financial year 2010/11. "The team anticipate that the turnaround in profitability for the business will continue, barring the economy lurching into a second leg of a recession. There has been a sustained improvement in the level of forward bookings and we are now looking with more certainty at the figures for the rest of the year," it added.
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15 May 2018 14:07

Vitesse Media Former Market Tech CFO David Brown As Finance Director

LONDON (Alliance News) - Vitesse Media PLC said Tuesday it has appointed David Brown as finance director with immediate effect.Brown previously held the position of chief financial officer

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24 Apr 2018 12:51

Vitesse Media Shares Fall As Executive Leaves Amid Profit Warning

LONDON (Alliance News) - Shares in Vitesse Media dropped on Tuesday as Finance Director Edward Riddell announced his intention to resign, on top of company expectations of a widened loss for its a

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4 Apr 2018 12:50

Vitesse Media Develops Diversity Events On Gender Imbalance

LONDON (Alliance News) - Vitesse Media PLC on Wednesday said it will launch twelve diversity events across the world to further address the gender imbalance in a number of B2B

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25 Aug 2016 18:18

Vitesse Media looks to strong rebound in FY profitability

(ShareCast News) - B2B events and digital media firm Vitesse Media has narrowed its first-half profit, and it is on track to report a strong recovery in profitability by the end of its financial year. Pre-tax profit for the period was to £65,000, from £122,000, with revenue improving to £931,000, f

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21 Jul 2016 15:04

UK Shareholder Meetings Calendar - Next 7 Days

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30 Jun 2016 09:47

Vitesse Media On More "Stable Footing" But Annual Loss Widens

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5 May 2016 09:38

WINNERS & LOSERS SUMMARY: Centrica Feels The Heat Over Fundraising

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5 May 2016 09:00

Vitesse Media Slims Down Board Following Chairman Appointment

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9 Feb 2016 16:06

AGM, EGM Calendar - Week Ahead

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29 Jan 2016 17:20

DIRECTOR DEALINGS SUMMARY: Vitesse Chairman To Subscribe For Shares

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29 Jan 2016 11:52

Vitesse Media Chairman Chris Ingram To Be Executive After Subscription (ALLISS)

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23 Oct 2015 10:26

Vitesse Media posts dip in revenue, widens first half loss

(ShareCast News) - Vitesse Media has posted a dip in revenue for the first half of the year, leading to a wider loss than 2014. The AIM listed business-to-business media company released its interm results for the six months to 31 July on Friday. It noted that revenue had dropped from £1.04m to £0.

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23 Oct 2015 07:30

Vitesse Media Says Outlook Remains Positive As First Half Loss Widens

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31 Jul 2015 07:31

LONDON BRIEFING: IHG Shares Fall Back After Starwood Talks Denied

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31 Jul 2015 05:18

AGM, EGM Calendar - Week Ahead

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